The period when business activity begins to speed up in the business cycle is referred to as the expansion phase or recovery.
The business cycle is the natural fluctuation of the economy over time between periods of growth and contraction. During the expansion phase, or recovery, the economy begins to pick up pace as business activity increases, leading to growth in employment, income, and production. This phase is characterized by rising demand, increased investment, and higher consumer and business confidence. As a result, businesses begin to ramp up production and hire more workers, leading to further growth in the economy. This phase typically lasts several years, until the economy reaches its peak and starts to slow down, marking the start of a new contraction phase. Overall, the expansion phase is an important time for businesses and investors as it provides opportunities for growth and profitability, but it is also important to keep an eye on potential signs of a slowing economy so that appropriate actions can be taken to prepare for a downturn.
To know more about expansion phase of a business:
https://brainly.com/question/28260388
#SPJ4
What happens to quantity demanded when price increases?
Price increases cause a fall in demand (but demand itself stays the same). As the price drops, the quantity demanded increases. This is the Law of Demand.
Why do prices increase when demand grows?A rise in demand and a fall in supply will raise the equilibrium price, even if it is impossible to predict how it will affect the equilibrium quantity. Prices will increase for all quantities because consumers now place a higher value on products and producers must charge a higher price to sell them.
Does a price increase make a certain amount less desirable?The cost of a good or service in a market determines the quantity that customers want. When non-price factors are eliminated from the equation, it is evident that higher prices cause a decrease in the quantity demanded while lower prices cause an increase in the quantity demanded.
Learn more about Law of Demand: https://brainly.com/question/28862408
#SPJ4
Recently, which factor has led to a decline in world trade and has significantly impacted global supply chains?Multiple ChoiceA. a decrease in technological advancements in leading industriesB. problems in the U.S. subprime mortgage lending marketC. the COVID-19 global pandemicD. outsourcing of manufacturing units to developed nations
The factors that led to a decline in world trade and has significantly impacted global supply chains is: C. the COVID-19 global pandemic.
How COVID-19 global pandemic impacted global supply?Yes, the COVID-19 global pandemic has had a significant impact on world trade and global supply chains. The pandemic has disrupted transportation, manufacturing, and distribution systems worldwide, leading to a decline in trade and a slowdown in the movement of goods and services.
The lockdowns and restrictions put in place to curb the spread of the virus have caused a slowdown in economic activity, reducing demand for goods and services, and leading to a decline in exports.
Therefore the correct option is C.
Learn more about COVID-19 global pandemic here:https://brainly.com/question/28828558
#SPJ1
Breakeven analysis is a way to compare the total cost of multiple options.
True or False
The statement "Breakeven analysis is a way to compare the total cost of multiple options." is “True”. Ways to compare the total cost of multiple options are called breakeven analysis.
Break-even analysis is a tool used in financial analysis. Break-even analysis is used by companies to help them determine when a new company or service or product will be profitable.
Break-even is a term or circumstance where a company neither loses but recovers all the money spent or makes a profit and recovers. Break-even happened when a company gets money as much as the cost it spent to make a product.
Learn about break even at: https://brainly.com/question/13770712
#SPJ4
what is the main economic benefit of public disclosure laws?
They ensure that companies can enter into contracts that are enforceable by law.
The basic law of the United States is found in the Constitution. The basic principles of the populace are codified. The Constitution's interpretation as well as the meaning of any laws approved by Congress must be determined by the courts. There are numerous objectives for law. Standards-setting, order-keeping, conflict-resolution, and rights- and liberties-protection are the four primary ones. Because society is dynamic and law is intended to regulate society, according to jurist Arnold, we cannot define law in one or two phrases.
Learn more about law here
https://brainly.com/question/820417
#SPJ4
bonds that pay no interest unless the issuing company is profitable are called
Income debt instruments that don't bear interest unless the issuer is profitable. The formative days will have a higher interest expenditure if assets are amortized using the intelligent strategy and therefore are subsequently released at quite a premium.
What are bonds whose owners' names do not appear on file with the issuing company called?
carry bonds Bonds known as "bearer" are fixed-income investments with anonymous certifications.
What do people refer to as unsecured debt securities?
Debentures, commonly referred to as unsecured bonds, are securities that are guaranteed either by entity's "full faith and credit" as opposed to a specified asset. To put it another way, the investment has the issuer's guarantee of return but no recourse to any specified collateral.
To know more about assets click here
brainly.com/question/14404094
#SPJ4
Is a response to system inhibitors in order to answer the question of how ?A)Demand anticipation B)Inventory management C)Process variability D)Lean operations
The correct answer is
D) Lean operation Is a response to system inhibitors in order to answer the question of how.
The principle underpinning the business concept known as lean operations is doing more with less. It is an easy method for running a business and improving everyday operations.
To put it another way, implementing lean operations is all about improving the productivity of your workflows, à la Marie Kondo.Examples of lean operations exist in every industry. Amazon.com is a company that uses this tactic; their internal operations approach is characterised by their commitment to the customer. After 25 years, they are still committed to upholding its original mission statement, "We aspire to be Earth's most client-centered organization."
To learn more about Lean Operation click the link below
brainly.com/question/29347116
#SPJ4
schedule to must be filed by an entity that expects to own more than what percentage of the target company's securities?
If an organization intends to purchase more than 5% of the shares of another company, a form must be submitted to the Securities and Exchange Commission.
What does the 5% SEC rule mean?
Until their holdings fall below 5%, shareholders who purchase more than 5 percent of the outstanding shares of a class of equity securities that your company has registered under the Exchange Act are required to file beneficiary owner reports on Form 13D or 13G.
The schedule must be filed by an entity that expects to own more than 5% of the target company's securities. The Securities and Exchange Commission (SEC) requires the filing of a Schedule 13D.
Therefore, When a company tenders shares of another company as part of a takeover proposal, Schedule TO-T must be submitted.
Learn more about shareholders from the given link.
https://brainly.com/question/28170754
#SPJ4
depository institutions (dis) play an important role in the transmission of monetary policy from the federal reserve to the rest of the economy because:
The Federal Reserve's monetary policy is disseminated throughout the rest of the economy through depository institutions (DIs), partly even though DI deposits make up a significant percentage of the monetary policy.
Both the Home Mortgage Disclosure Act and the National Reinvestment Act were created to offer incentive programs for adhering to consumer protection regulations.
Given that the mortgage note would be a recently issued security, the definition of the concept of a loan for a home is regarded as a principal security.
The recent financial crisis had a smaller overall impact on credit unions than it did on other depository institutions (DIs) since, on average, they held greater government and agency shares of stock and possess a slightly greater asset base in consumer credit.
To know more about stock click here
brainly.com/question/29992015
#SPJ4
Which of the following actions is most likely to encourage ethical behavior in a company?
a. Establishing a strict policy that discourages the emergence of whistle-blowers
b. Showing faith in the employees' ethical values by not offering training on ethical behavior
c. Communicating the company's code of ethics and standards of conduct in writing
d. Telling employees to resolve ethical conflicts by themselves and not ask their managers to get involved
c. Communicating the company's code of ethics and standards of conduct in writing.
Clear communication of ethical standards and expectations is a crucial step in promoting ethical behavior within a company. When employees understand what is expected of them in terms of ethical conduct, they are more likely to behave in ways that align with these expectations. Written communication also provides a clear reference point for employees when faced with ethical dilemmas, helping to guide their decision-making and ensuring that ethical considerations are given due consideration. Establishing a strict policy that discourages the emergence of whistle-blowers is not likely to encourage ethical behavior as it could foster a culture of fear and mistrust. Not offering training on ethical behavior or telling employees to resolve ethical conflicts by themselves and not ask their managers to get involved also do not encourage ethical behavior as they do not provide employees with the tools and guidance they need to make ethical decisions. Instead, employees may be left to navigate ethical challenges on their own, potentially leading to inconsistent or unethical behavior
To learn more about behavior in a company here:
https://brainly.com/question/29815960
#SPJ4
as a teenager, frank discovered that he loved to cook. after attending culinary school, he borrowed money from the bank to get his business start-up funds that he used to open a small restaurant. he is personally liable to pay the bank back. if the business goes under frank could personally lose his house and car if he defaults on the loan. based on this description, what type of business structure is frank's business?
Given the circumstances, Frank's company is a sole proprietorship.
What is Sole Proprietorship?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity.
It is also referred to as a lone trader ship, individual entrepreneurship, or proprietorship.
A sole proprietor may hire staff members and does not always work alone.
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes).
The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts.
In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
Therefore, given the circumstances, Frank's company is a sole proprietorship.
Know more about Sole Proprietorship here:
https://brainly.com/question/4442710
#SPJ4
Which of the following are attributes of FASB? (Select all that apply.) Full-time board members, independence, and private sector organization
The Financial Accounting Standards Board (FASB) is the non-public area crew responsible for formulating generally everyday accounting ideas (GAAP). The Board consists of seven full time members who are appointed for a five-year term (eligible for one extra term).
What are the following attributes of FASB?FASB (Financial Accounting Standards Board) lists six qualitative characteristics that determine the fantastic of financial information: Relevance, Faithful Representation, Comparability, Verifiability, Timeliness, and Understandability.
Established in 1973, the Financial Accounting Standards Board (FASB) is the independent, private-sector, not-for-profit agency based in Norwalk, Connecticut, that establishes economic accounting and reporting requirements for public and personal corporations and not-for-profit agencies
Learn more about Financial Accounting Standards Board here:
https://brainly.com/question/25655901#SPJ4Indicate (either yes or no) whether each of the following would be included in an auditors' report on financial statements prepared using a special purpose framework.
1. A statement that the engagement was performed under auditing standards related to the special purpose framework.
2. Statements providing a general description of an audit examination.
3. The auditors' opinion on the fairness of the financial statements.
4. A statement indicating that the financial statements were prepared using a special purpose framework as well as identifying footnote or other disclosures providing further information about the special purpose framework.Yesselected answer correct
5. The auditors' opinion on the appropriateness of the special purpose framework for general use.
6. Statements describing management's responsibility for the financial statements.
7. A statement indicating that management is responsible for the selection of the special purpose framework used to prepare the financial statements.
8. The auditors' opinion on the materiality of differences between the financial information prepared using the special purpose framework and that under generally accepted accounting principles.
The following statements about the auditor's report as follows:
1. A statement that the engagement was performed under auditing standards related to the special purpose framework - No. Thus, 2. Yes
3. Yes, 4. Yes, 5. No, 6. Yes, 7. Yes, 8. No.
An auditor's report is a written letter from the auditor that expresses the auditor's opinion on whether a company's financial statements are in accordance with generally accepted accounting standards (GAAP) and are free of substantial misrepresentation.
Normally, the auditor's report is addressed to the individuals for whom the report is written.
It is frequently addressed to the shareholders or those entrusted with the governance of the company whose financial accounts are being audited (or to the board of directors of the entity).
Therefore, the following statements are:
1. No, 2. Yes, 3. Yes, 4. Yes, 5. No, 6. Yes, 7. Yes, 8. No.
To know more about the auditors' report, visit:
https://brainly.com/question/30750227
#SPJ12
which one of the followings involves a working capital management decision? a.What is the maximum level of cash to be kept in the firm's bank account? b.What is the most efficient process for producing a product? c.How many hours of overtime should manufacturing employees be allowed to work? d.When is the appropriate time to replace the delivery fleet? e.Should a newly available parcel of land be acquired?
How much money may you keep in the company's bank account at one time? Option A is correct.
What are working capital management decisions?The link between a short – assets and liabilities is working capital management. It aims to make sure that a firm can cover its regular operational costs while also allocating its resources the most profitable way. Modern accounts payable and procurement solutions are used to manage working capital. As a result, cash is made available on the income statement. It is the portion of total capital that is thought to be the most liquid because it is the money that a business requires to cover its ongoing expenses. Net working capital is another name for working capital (NWC). This is derived by comparing the current assets and liabilities on the balance sheet.
To know more about working capital management decision visit:
brainly.com/question/26103142
#SPJ4
Jackson instituted a policy of giving federal jobs to supporters and friends known as?
The spoils system thrived during this period of reform and "Jacksonian Democracy" by giving jobs to the partisan faithful through political patronage.
The spoils system, also known as the patronage system, is a political tactic in which the political party that wins an election rewards its campaign workers and other active supporters by appointing them to government positions and providing them with other benefits. Democratic President Andrew Jackson established the spoils system. According to the phrase "to the victor goes the spoils," the party in power owned every government position. Jackson's selection of party members for government positions was intended to be portrayed in this painting.
For more questions on Spoils system, refer to:
https://brainly.com/question/28780678
#SPJ4
When Cabot Corporation used the BCG matrix to evaluate its carbon black manufacturing business, the model led them to move away from ________ and to diversify into unrelated businesses listed as stars by the model. This resulted in a decline on return on assets. They eventually returned to carbon black manufacturing and divested the unrelated businesses; their 2016 revenue was 2. 4 billion USD
Core Markets refers to all present and upcoming markets in the USA where Holdings and its Subsidiaries sell retail goods.
New stocks and bonds are first offered to the public on the primary market. Investors can buy securities from the issuer directly in a primary market. Initial public offerings (IPOs), private placements, rights issues, and preferred allotments are examples of primary market issues.
An organization that pursues expansion in product markets where the primary success determinants are unconnected to one another is often referred to as an unrelated-business diversifier. There should be little to no functional talent transfer between a corporation's many companies, whether it be a holding company or a conglomerate.
Learn more about conglomerate
https://brainly.com/question/29487508
#SPJ4
A grandmother invests $1000 in the stock market at 16% interest compounded continuously. What would be the ending balance after 5 years?
$11,000 would be the ending balance after 5 years. It is calculated by multiplying the initial principal amount by one, then adding the yearly interest rate raised to the number of compound periods and deducting one.
The resulting value is subsequently deducted from the loan's entire original amount. The letters P, I, and n stand for the principal, interest rate, and compounding periods, respectively. The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You will wind up with $110.25 at the conclusion of the second year.
To learn more about amount, click here.
https://brainly.com/question/27337635
#SPJ4
given discounted benefits of $130,000 and discounted costs of $100,000 your roi is ____.
Given discounted benefits of $130,000 and discounted costs of $100,000 your ROI is 30% .
It is one method of looking at profits in relation to capital invested. This is computed by subtracting the costs of the project from the benefits and then dividing by the costs. For example, if you invest $100 and it is worth $110 the next year, your ROI is (110 100) 100 = 0.1, or a 10% return.
To calculate the net present value in Excel, add the investment's initial cost to the present value of the investment's returns using the formula =initial investment + NPV value, where initial investment is the investment's initial cost and NPV value is the value of Excel's NPV function...
Learn more about discounted
https://brainly.com/question/3541148
#SPJ4
Given discounted benefits of $130,000 and discounted costs of $100,000 your ROI is 30% .
It is one approach to analyzing profits in relation to capital invested. This is calculated by subtracting the project costs from the benefits and then dividing by the costs. If you invest $100 and it is worth $110 the following year, your ROI is (110 100) 100 = 0.1, or a 10% return.
In Excel, add the investment's initial cost to the present value of the investment's returns using the formula =initial investment + NPV value, where initial investment is the initial cost of the investment and NPV value is the value of Excel's NPV function...
Learn more about discounted
brainly.com/question/3541148
#SPJ4
work in progress (wip) limits place constraints on how many items a team works on at any given time. what scrum value do wip limits encourage for a team? 1 point openness commitment focus courage
Focus is the scrum value do wip limits encourage for a team.
What is a scrum value?
Commitment, focus, openness, respect, and courage are the five Scrum values. These principles are used as a framework for team and individual conduct in the Scrum technique with the goal of fostering collaboration and improving project success rates. Product owner, Scrum master, team members, and stakeholders are the four main roles that Scrum teams concentrate on. They all strive to achieve the same objective, which is to add value for the client, patient, or consumer. Most importantly, each team member contributes in a unique way to the value being created. Scrum teams put these ideas into practise in a variety of ways, such as sprint reviews, retrospectives, and daily standups where team members can discuss their progress. It encourages personal accountability, provides structure for challenging assignments, and keeps the work flowing.
To learn more about scrum values click on the given link:
https://brainly.com/question/28932081
#SPJ4
Employee B was upset by Employees A's behavior at the department planning meeting, Which factors will influence Employee B's perception in this situation?
A) Problem, Criteria, and Alternatives
B) situation, target, and perceiver
C)heredity, environment, perceiver
D) stimulation, task, and skills
The factors that will influence Employee B's perception in this situation are Problem, Criteria and Alternatives. So, The correct answer is option A.
When it comes to understanding the complex factors that influence someone's perceptions of a situation, it can be helpful to consider the three components of the Person Perception Model (PP Model). In this case, Employee B's perception of the department planning meeting.
Problem
The first step to solve any problem is to clearly define it. What is the problem that needs to be solved? Identifying the problem is the first step to finding a solution.
Criteria
Once the problem is identified, it is important to determine the criteria that must be met to solve the problem. This can include factors like cost, impact, timeline, and resources.
Alternatives
After the problem and criteria are defined, it's time to explore the available alternatives. Brainstorm a list of possible solutions and weigh each one against the criteria to identify the best solution.
To Read more about Problems, Criteria, Alternatives, Visit-https://brainly.com/question/29871436
#SPJ11
If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?
A) a bond with a $10,000 face value, four years to maturity and 6. 2% semiannual coupon payments
B) a bond with a $1,000 face value, five years to maturity and 6. 3% annual coupon payments
Bond B has a higher coupon rate, it will trade at a higher premium per $100 face value.
The bond that will trade at the greatest premium is the bond with a higher coupon rate, as long as all other factors such as maturity and face value are equal. The bond with the higher coupon rate generates more income for the bondholder, which results in a higher price for the bond.
In this case, the bond with the 6.3% annual coupon rate (Bond B) has a higher coupon rate than the bond with the 6.2% semiannual coupon rate (Bond A), so Bond B will trade at a higher premium per $100 face value.
It is important to note that the yield to maturity of both bonds is 6%, meaning that both bonds will generate the same income for the bondholder over their lifetime. However, since
To learn more about yield to maturity
https://brainly.com/question/26376004
#SPJ4
comparing the benefits and costs of engaging in an activity. margins | trade-off | recession | scarcity | resources | financial capital
Margin | trade-off | is the process of weighing the advantages and disadvantages of participating in a certain activity.
What do the tradeoffs actually mean?A trade-off is a type of compromise when something is given up in exchange for something else. You might need to make a compromise when looking for an after-school work, such as giving up a higher hourly income for a job in a more convenient location.
When would a trade-off be appropriate?A trade-off occurs when you exchange the entire or a portion with one object for another or come to an agreement between two things. ... the balance between unemployment and inflation.
To know more about trade-off visit:
https://brainly.com/question/10895386
#SPJ1
anne buys her store's art supplies from a wholesaler. she purchases 8 canvases that are 16 by 20 inches for $7.16 each. how much profit does anne make on the sale of these 8 canvases? gauth
By selling these 8 canvases, Anne earns a profit of $57.28.which is the appropriate response would be choice (C).
What is the profit?By selling these 8 canvases, Anne earns a profit of $57.28.which is the appropriate response would be choice (C).
The difference between the selling price and the original cost price is the profit.
A wholesaler is where Anne gets the art supplies she needs for her company.
She buys eight 16 by 20-inch canvases for $7.16.You must know the price at which Anne sells these eight canvases as well as the cost of purchasing them from the wholesaler in order to determine the profit she makes.
If she purchases 8 canvases at a cost of $7.16 apiece, the total cost of the canvases is:
⇒ 8 × $7.16
The result of doing the multiplication operation is
⇒ $57.28.
As a result, she makes $57.28 in profit on the selling of these 8 paintings.Therefore, a choice would be the appropriate response (C).
To learn more about profit refer
https://brainly.com/question/16865160
#SPJ4
In order to create a return in the practice environment when not in the office, the Tax Professional must launch __________.
a. Practice-in-the-Cloud environment.
b. Work Center environment.
c. BlockPay.
d. Amp.
The Tax Professional must launch Practice-in-the-Cloud environment. the act of managing, processing, and storing data on a network of remote servers located on the internet rather than a local server or personal computer.
Users and businesses Tax can avoid managing physical servers or running software on their own computers by utilising cloud computing. According to NIST Special Publication 800, a cloud environment is a group of interconnected systems and processes that work together to provide services in a way that is independent of the underlying hardware or software used for that purpose. It includes hybrid clouds as well as private, public, and community clouds.
To learn more about Tax, click here.
https://brainly.com/question/16423331
#SPJ4
product design and process selection are examples of _______ decisions.
Product design and process selection can be called as examples of System design decisions. It is the process of defining system components
System design decisions reflect strategic organizational decisions. This includes the long-term commitment of resources and the decision on system operating parameters.
System design is the process of characterizing system components such as modules, architecture, components, interfaces and data of a system according to specific requirements. System design is such as modules, architecture, components and their interfaces, and system data based on specific requirements.
System design is an interdisciplinary engineering activity that enables the construction of successful systems. A system can be defined as an integrated set of components that serve a specific purpose.
After the system requirements are established, the next step is to translate them into technical specifications so you can build your own system. This is where system design comes into play.
There are four system design processes:
developing stakeholder expectations, technical requirements, logical decomposition, design solutionsTo know more about System Design ,
brainly.com/question/28518505
brainly.com/question/28536670
#SPJ4
how should a permanent loss in value of an investment using the equity method be treated?
A loss is reported the same as a loss in value of other long-term assets while using the equity method.
A loss is reported the same as a loss in value of other long-term assets when using the equity method. This means that the losses incurred by the investor are recognized in the same way as any other losses associated with long-term assets.
The investor's share of the loss is reported in the investor's income statement, and the investor's share of the loss is also reported in the investor's equity. This method of accounting helps to ensure that the investor's financial statements are accurate and up-to-date.
To know more about equity, click here.
https://brainly.com/question/13278063
#SPJ4
what types of metrics measure customer satisfaction?
What is specialization and trade?
A country engages in specialisation when it concentrates its labour, resources, and capital on the creation of a good or service in which they are experts.
Trade is when nations create a relationship that promotes the exchange of goods and services.
What is specialization?A South American corporation picking bananas is an example of how specialisation includes concentrating on a certain skill, activity, or industrial process to become a leader or expert. In order to increase efficiency, specialisation is a production technique whereby an organisation concentrates on producing a small range of items. Trade benefits from specialisation since it benefits both parties to trade agreements. Both countries will be able to boost the overall output within their respective countries while also saving time and resources. If you specialise, you concentrate on a certain facet of a bigger subject. If you're a nurse, you might focus on giving care to newborns and children under the specialty of paediatric care.
To know more about specialization visit:
https://brainly.com/question/28626704
#SPJ4
earnings per share are $4; net income is $50,000; and the weighted average shares outstanding are 10,000. preferred dividends paid are .
The earning per share is $2.20
Earnings per share (EPS) is calculated on net income available to the common stockholders, $130,000 - $20,000, or $110,000, divided by weighted average shares of common stock outstanding, 50,000. The EPS = $110,000 / 50,000 = $2.20
The profit of a corporation is divided by the number of outstanding shares of its common stock to arrive at earnings per share (EPS). The resultant figure is used to gauge a company's profitability. A corporation frequently reports EPS that has been modified for unusual items and probable share dilution.
EPS is among the most used metrics for determining a company's profitability. Subtract any preferred dividends from net income before calculating a company's EPS. Next, divide that sum by the number of the company's outstanding shares. The price-to-earnings ratio, or P/E valuation ratio, depends on EPS.
To learn more about Earning per share
https://brainly.com/question/16562972
#SPJ4
everyday john's inbox is filled with customer requests and inquiries along with department updates to policies and events happening at the corporate level. john takes 30 minutes every morning to thoroughly read through and respond to these important emails. john is exhibiting his
John is showing his professionalism and dedication to his work duties by reading and responding to these emails. This demonstrates his commitment to fulfilling his responsibilities as a customer service representative and his willingness to be educated about business rules and happenings.
What is customer service?
Customer service is the help and support a business offers to its clients before, during, and after a transaction or other engagement. It entails a variety of tasks include responding to client questions, addressing customer complaints, and offering technical assistance. Customer service is to improve the customer's experience and cultivate a sense of loyalty. If you want to give great customer service, you should:
Actively listen: Pay attention to the requirements and concerns of the client, and if necessary, explain the issue by asking questions. Being sympathetic Consider the customer's viewpoint and put yourself in their position. Know your stuff: Know the goods, services, and policies offered by your organisation. Offer solutions: Provide the consumer with workable and efficient solutions to their issue. Following up Make sure the customer is happy with the solution, then check in to see if they need anything else. Show professionalism: Even in trying circumstances, keep a positive, respectful, and polite attitude. Keep getting better: Request customer feedback frequently, then use it to refine your customer service methods and techniques.You may provide exceptional customer service and provide your clients a satisfying experience by adhering to these guidelines.
To learn more about customer service from the given link
https://brainly.com/question/1286522
#SPJ4
everyday john's inbox is filled with customer requests and inquiries along with department updates to policies and events happening at the corporate level. john takes 30 minutes every morning to thoroughly read through and respond to these important emails. john is exhibiting his
An oral communication method is recommended for what communication situation?
The oral communication method is recommended where direct interaction is needed.
Oral communication, usually referred to as verbal communication, is a kind of communication based on the words and speech produced by a human being. With the ability to speak and listen, this form of communication may simply transmit a message. A personal touch, quick feedback, and the capacity to establish rapport and trust with the audience are frequently required in situations when oral communication is advised.
It is also suggested when a direct engagement is necessary or when the communication issue is of a transient nature. Face-to-face contact such as meetings, seminars, conferences, interviews, etc. is crucial to establish a rapport and confidence. The right communication technique must be chosen based on the circumstance and the desired result, as the incorrect technique might result in misconceptions and unproductive communication.
Read more about oral communication on:
https://brainly.com/question/29218042
#SPJ4